Pioneer Quitting TV Business In 2010 And Cuts 10,000 Employees

Posted: Feb 12 2009, 3:00am CST | by , Updated: Aug 11 2010, 1:01pm CDT , in Technology News


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The recent rumor that Pioneer would stop making TVs turned out to be true. Pioneer will exit the TV business by March 2010. To battle the losses Pioneer also announced plans to cut 10,000 employees, which amounts to about 16% of its workforce.

That is the end of the exceptional Pioneer Plasma HDTVs.
I am not sure if Pioneer can turn a corner with focusing on Audio and car entertainment. Only time will tell.
Via Bloomberg and Reuters.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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